Following the AI boom NVIDIA shares are hitting new highs. If you want to follow the trend and invest in NVIDIA shares from the UK, our expert guide explains how to buy NVIDIA shares safely.
How to buy NVIDIA Shares
To buy NVIDIA shares, you need a UK stock broker that offers access to NASDAQ-listed US stocks like Hargreaves Lansdown, AJ Bell or Interactive Investor, or a US stock broker like Interactive Brokers (they offer very low exchange rates and commissions.) However, as NVIDIA is one of the most liquid, volatile and popular shares among global investors, there are a few things you need to be aware of. This guide will explain how to buy NVIDIA shares and what to watch out for.
🧑🎓Follow these five steps if you want to buy shares in the NVIDIA:
- Open an investment account with a stock broker that offers access to the NASDAQ stock exchange where NVIDIA is traded, like Hargreaves Lansdown, AJ Bell or Interactive Investor.
- You will need to fund your via a debit card or bank account (note some brokers convert GBP into USD straight away, other’s do it at the time of trade).
- Search for NVIDA shares with the epic symbol “NVDA” (they are also often on the most popular stocks list).
- Enter the number of shares you would like to buy (some platforms also let you enter a monetary amount and round the amount of the shares down to the nearest whole one).
- Click buy and you will own NVIDIA shares.
🤔Note: NVIDIA shares are traded in USD
As NVIDIA shares are traded in USD, if you deposit GBP into your account you will have to convert it into US Dollars. Somer brokers like eToro only offer accounts in USD and convert your funds directly in to USD as soon as you deposit funds. This can be more convenient, but gives you less control. Other brokers like IG, let you keep funds in GBP, USD or EUD, so you can decide when best to convert funds. Whilst others like Hargreaves Lansdown and Interactive Investors, convert funds at the time you trade.
⚠️What to watch out for! Volatility
As NVIDIA shares are traded in USD, if you deposit GBP into your account you will have to convert it into US Dollars. Somer brokers like eToro only offer accounts in USD and convert your funds directly in to USD as soon as you deposit funds. This can be more convenient, but gives you less control. Other brokers like IG, let you keep funds in GBP, USD or EUD, so you can decide when best to convert funds. Whilst others like Hargreaves Lansdown and Interactive Investors, convert funds at the time you trade.
Compare accounts for buying NVIDIA shares
| US Stock Buying Platform | US Commission | FX Rate | ISA | SIPP | GMG Rating | More Info |
|---|---|---|---|---|---|---|
 | £11.95 | 1% - 0.25% | ✔️ | ✔️ | Visit Broker Capital at risk |
|
 | £3.99 | 1.5% - 0.25% | ✔️ | ✔️ | Visit Broker Capital at risk |
|
 | 0.5 cents per share | 0.02% | ✔️ | ✔️ | Visit Broker Capital at risk |
|
 | £3.50 - £5 | 0.50% | ✔️ | ✔️ | Visit Broker Capital at risk |
|
 | 20 cents per share | 0.5% | ✔️ | ✔️ | Visit Broker Capital at risk |
|
 | £8 | 0.5% | ✔️ | ❌ | Visit Broker Capital at risk |
How much does it cost to buy NVIDIA shares (NASDAQ:NVDA)?
As of 16/04/2024 16:00 buying one NVIDIA share costs $874.15. However, as well as the $874.15 cost of buying the shares you will also have to pay any relevant tax, commission when you buy and sell shares, custody fees for holding your shares on your account and foreign exchange fees for converting GBP into USD. You also have to consider the difference between the bid price (the price at which you sell shares) and the offer price (the price at which you buy shares). These fees vary depending on what sort of account you open, and with what broker.
What is the live NVIDIA share price (NASDAQ:NVDA)
As of 16/04/2024 16:00, the current NVIDIA share price is $874.15 which is a change of 14.14 or 1.64% from the last closing price of 874.15 with 37,045,302 shares traded giving NASDAQ:NVDA a market capitalisation of $2,186,366,347,162. The most recent daily high has been 881.18 and daily low 860.64. The NASDAQ:NVDA share price 52 week high has been 974 and the 52 week low 262.25. Based on the most recent NASDAQ:NVDA share price opening of 874.15, the current NASDAQ:NVDA EPS (earnings per share) are 11.93 and the PE (price earnings ratio) is 73.26.
- Related research: Are NVIDIA shares a good buy right now?
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